Balancing DeFi and TradFi: A Vision for Onchain Finance

**Most onchain equity today is synthetic** - just price exposure without actual ownership rights. **Real onchain equity** means actual company shares on blockchain with full legal protections, issued by the company and recorded in regulated registries. Two key developments made this possible: - **Regulation**: SEC-registered transfer agents can now maintain official shareholder records onchain - **Infrastructure**: Smart contracts and real-time settlement are production-ready **The opportunity is massive.** BCG and Ripple project tokenized real-world assets reaching $19T by 2033, with equities and funds driving growth. **Crypto-native companies benefit first.** While tokens helped bootstrap communities, they lack enforceable investor rights and clear institutional capital paths. **Caesar demonstrates this breakthrough** - the first crypto-native company issuing real equity onchain through Centrifuge's SEC-registered infrastructure. Contributors and institutions share the same shareholder ledger with no parallel systems or fragmentation.

**JAAA structure receives external validation** as onchain credit transitions into institutional territory. Falcon's acceptance of **JAAA and JTRSY tokens** as collateral marks a significant milestone. These structured credit products are becoming programmable building blocks for: - Enhanced liquidity solutions - Institutional leverage products - New financial instrument development This integration demonstrates how **tokenized assets are evolving** beyond simple digitization into functional DeFi infrastructure. The move signals broader institutional adoption of onchain credit markets, with structured products gaining recognition as legitimate collateral in decentralized finance protocols.

Centrifuge has extended its CFG token migration deadline by **48 hours** until December 3, 2025, giving holders additional time to migrate from legacy tokens. **Migration Progress:** - 512,055,170 legacy CFG tokens migrated - **90.63% of total supply** already converted - Increase from 88.73% just days earlier **Critical Action Required:** Holders of legacy CFG (wCFG or Substrate CFG) must migrate to the new ERC-20 version by December 3 or **risk losing access** to their tokens permanently. **Resources Available:** - [Migration FAQ](https://gov.centrifuge.io/t/centrifuge-token-migration-update/6860) - [Complete Migration Guide](https://docs.centrifuge.io/getting-started/token-summary/) With over 9% of tokens still unmigrated, time remains limited for remaining holders to complete the process.

**Centrifuge is transforming asset management** from traditional limited-hour operations to a continuous 24/7 model powered by tokenization. **Key developments:** - CEO Bhaji Illuminati outlined the company's vision for fully onchain fund management - Tokenization makes running funds easier, faster, and more accessible - Centrifuge positions itself as leading this industry shift The announcement comes as Illuminati participates in major New York conferences this week, including: - **The Bridge Conference 2025** - focusing on privacy layers for compliant DeFi - **Strobe Ventures Summit** - discussing Wall Street's digital transformation These events bring together traditional finance giants like BlackRock with DeFi innovators to explore how global finance is being rebuilt onchain. **The vision:** Asset management that operates continuously without traditional market hour constraints, enabled by blockchain technology and tokenization. [Listen to the full podcast episode](link) for deeper insights into Centrifuge's asset management transformation.

**Centrifuge hits $1.3B in total value locked** across tokenized real-world asset products including JTRSY, JAAA, and ACDRX. Key developments include: - Integration with **Aave's Horizon** expanding DeFi access - Launch of tokenized **Apollo Diversified Credit Fund (ACDRX)** - **$50M allocation** from Grove Finance - Featured in OurNetwork's RWA roundup The milestone represents significant growth from the $1B TVL reached by the Janus Henderson Anemoy AAA CLO Fund alone in October. Centrifuge continues bridging traditional finance with DeFi through **transparent, accessible tokenized assets**. [Read the full report](https://www.ournetwork.xyz/p/on-375-real-world-assets)